Cypress Capital Group Has $710,000 Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Cypress Capital Group lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 18.7% during the 4th quarter, HoldingsChannel reports. The firm owned 8,839 shares of the industrial products company’s stock after selling 2,033 shares during the quarter. Cypress Capital Group’s holdings in Stanley Black & Decker were worth $710,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Americana Partners LLC grew its stake in shares of Stanley Black & Decker by 180.5% in the fourth quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock worth $9,064,000 after acquiring an additional 72,637 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Stanley Black & Decker in the fourth quarter worth $1,386,000. Avanza Fonder AB acquired a new stake in shares of Stanley Black & Decker in the fourth quarter worth $1,287,000. State Street Corp lifted its position in Stanley Black & Decker by 6.5% in the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after purchasing an additional 549,531 shares during the period. Finally, FMR LLC lifted its position in Stanley Black & Decker by 40.8% in the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after purchasing an additional 267,723 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on SWK shares. UBS Group reduced their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Wells Fargo & Company reduced their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Jefferies Financial Group started coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price for the company. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Thursday, December 19th. Finally, Barclays reduced their target price on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $103.00.

Stanley Black & Decker Stock Up 2.7 %

Shares of NYSE SWK opened at $83.68 on Thursday. The stock has a market cap of $12.92 billion, a PE ratio of 43.13, a PEG ratio of 1.33 and a beta of 1.24. The business has a fifty day moving average of $85.01 and a two-hundred day moving average of $92.26. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. As a group, equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.92%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.